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Bright Health Group Priced, NYSE: BHG

Provides health insurance and other healthcare services.

Industry: Financials

Latest Trade: $1.82 0.00 (0.0%)

First Day Return: -7.6%

Return from IPO: -89.9%

Industry: Financials

Since its inception, Bright Health has proven, expanded, and enhanced our aligned enablement model. As of April 2021, the 28 managed and affiliated risk-bearing primary care clinics in our NeueHealth business care for nearly 75,000 unique patients, approximately 30,000 of which are served through value-based arrangements, with a strong Net Promoter Score (NPS) of 78. In addition to our directly managed and affiliated clinics, NeueHealth manages care for an additional 33 clinics through its Value Services Organization. From serving 10,765 consumers in a single state and product line just five years ago, our Bright HealthCare business now serves approximately 623,000 consumers, including approximately 515,000 commercial consumers and approximately 108,000 Medicare Advantage consumers, with a national presence in 14 states and 99 core-based statistical areas, which we define as markets. We generated over $1.2 billion in total revenue in 2020, as well as $874.6 million in total revenue for the three months ended March 31, 2021, and we are well-positioned to continue achieving significant growth across our diversified enterprise. Led by a seasoned management team built for scale -- with senior leaders previously holding executive leadership positions at Fortune 100 companies across multiple sectors, including healthcare, consumer retail, and technology -- Bright Health is building the national, integrated healthcare system of the future.
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IPO News for Bright Health Group
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IPO Data
IPO File Date 05/19/2021
Offer Price $18.00
Price Range $20.00 - $23.00
Offer Shares (mm) 51.4
Deal Size ($mm) $924
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/23/2021
Offer Price $18.00
Price Range $20.00 - $23.00
Offer Shares (mm) 51.4
Deal Size ($mm) $924
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Minneapolis, MN
Founded 2015
Employees 2,056
Website brighthealthgroup.com